Private Federal Reserve Bank Clears China’s First US Bank Takeover

- Fed clears China’s first US bank takeover (AFP, May 9, 2012): The United States on Wednesday opened its banking market to ICBC, China’s biggest bank, for the first time clearing a takeover of a US bank by a Chinese state-controlled company. Just days after high-level US-China economic talks in Beijing, the Federal Reserve approved [...] continue reading world news